Crypto Markets Trade Sideways, Major Stock Indexes Close With Minor Gains


0

Thursday, June 13 — Top cryptocurrencies bitcoin (BTC), ether (ETH), and ripple (XRP) are all still in the green, seeing minor gains since yesterday. The market as a whole is mostly trading sideways.

Market visualization. Source: Coin360

Market visualization. Source: Coin360

Bitcoin broke $8,300 today, after trading below $8,000 for part of June 12. At press time, BTC is trading at $8,243 but is still trending up by 1.12% on the day.

Bitcoin 24-hour price chart. Source: Coin360

Bitcoin 24-hour price chart. Source: Coin360

The top altcoin and number two cryptocurrency, ether, is trading sideways, seeing 24-hour losses under 1% at press time. The coin is trading at $255.92.

Ethereum 7-day price chart. Source: Coin360

Ethereum 7-day price chart. Source: Coin360

The third cryptocurrency by market cap Ripple’s XRP has also seen a steady price on the day, seeing only about a 0.51% increase in price. It is currently trading at $.401.

XRP 24-hour price chart. Source: Coin360

XRP 24-hour price chart. Source: Coin360

Among the top ten cryptocurrencies, both bitcoin cash (BCH) and its fork bitcoin SV (BSV) have managed to make reasonable gains, up 5.38% and 10.82%, respectively. Cardano (ADA) meanwhile, has registered losses of over 5% to trade at $0.09 at press time.

Total market cap of the top 100 cryptocurrencies is currently $257.5 billion, according to the data on Coin360’s summary table.

As previously reported by Cointelegraph, the CEO of blockchain venture capital firm Digital Currency Group, Barry Silbert, believes that the crypto market is about to transition from winter to spring.

Silbert commented earlier in February, however, that he thought most digital tokens would lose their value eventually. He claimed that most tokens introduced via initial coin offerings (ICOs) actually had no solid use to take advantage of.

According to data provided by MarketWatch, major stock indexes appear to have performed similarly to crypto assets today on the whole, with the Dow, the S&P 500, and Nasdaq closing with minor gains of 0.39%, 0.41%, and 0.57%, respectively.

Source : https://cointelegraph.com/


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
cointelegraph

Choose A Format
Story
Formatted Text with Embeds and Visuals
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format